well, france has a luxury tax of 75%. they're fighting a renouncing it is unconstitutional. i guess if we're going to go off the cliff, we will go off the cliff. the pen is mightier than the sword. the people that put us there, get rid of them. as all i can say. host: do you think going to a luxury tax would be the way to go? caller: i think so. the comparative luxury tax on the big yachts on the water down in florida. -- they can put a luxury tax on the yachts on the water in florida. guest: i think it is useful to step back. what happens if we go over the fiscal cliffs or even we get the type of deal that the president is looking for? what we are talking about is the top individual income-tax rate rising from 35% to 39.6%. that was the same texture that we had before 2001. -- that is the same tax rate that we had before 2001. we do not need to be up at the 75% level. i would not advocate that we go to the 75% level. that is not really where we are. that is not where we need to be. host: we hae a tweet. guest: the payroll tax is basically a fixed percent, at 2% of income. i